Most road accidents in Chile (causing about 1,600 deaths per year) are linked to speeding. A widely used control mechanism all over the world, the speed detectors, enabled in the middle of the 1990’s was then suddenly prohibited in Chile through the enactment of a law justified on the idea...

In the period 2000 - 2006, municipal or public schools reduced its enrollment in 186,000 students (13%) in Chile. Meanwhile, privately subsidized schools, receiving the same type of funding, increased their enrollment in 386,000 students (38%). In this paper we distinguish demand factors,...

English Abstract: The positive impact that competition has on performance in most industries has been questioned in the education sector. The difficulty to measure competition, the idea that parents don't rationally choose schools for their children, and that schools do not react to that choice...

We propose a model to estimate the private benefits of control (PBC) in control transfer transactions for a broad range of regulatory environments, from private negotiations to mandatory tender offers. Barclay and Holderness (1989) and Dyck and Zingales (2004) Block Premium models are nested as...

This paper presents a systematic empirical characterization of income distribution in Chile. Such characterization helps us to understand the apparent paradox regarding the coexistence of a successful economic performance and persistently high inequality in income distribution and to assess the...